AECF launches $1.2m innovation fund for renewable energy



Kenyan Wall Street | by Mwakaneno Gakweli


The African Enterprise Challenge Fund (AECF) has launched a $1.2 million innovation fund to support entrepreneurs in the local renewable energy space to start and diversify their business.

The fund will focus on solutions that reduce the negative impacts of traditional cooking options, build climate change resilience and support productive uses such as water pumping, cooling and refrigeration and agro-processing.

The AECF fund will help strengthen market readiness of emerging innovations and offer financial, technical and networking support to scale proven prototypes…

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